Creators of Melania Trump-Inspired Token Face Lawsuit Over Alleged Pump-and-Dump Scheme
New York court filings allege that the designers behind the $MELANIA token, launched coinciding with Donald Trump's 2025 inauguration, orchestrated a fraudulent pump-and-dump scheme. Investors claim Meteora exchange executives secretly accumulated the token before artificially inflating its price and dumping their holdings.
The lawsuit emphasizes that Melania Trump's name and image were used as "window dressing" to lend credibility to the project, though she bears no culpability. The alleged scheme reportedly caused millions in investor losses, with $MELANIA now included in ongoing legal proceedings.
Burwick Law's Max Burwick, representing plaintiffs, notes this case underscores regulatory scrutiny surrounding celebrity-linked cryptocurrencies. The token's rapid rise and collapse exemplifies risks in unvetted digital assets capitalizing on political figures' notoriety.
